Abbreviation for the Institute of Technology, specifically at the University of Minnesota. Members of this group use codes like 1337 (leet) and 31337 (elite) to convey emotion. They should be avoided, as they are usually extemely nerdy. Exceptions include those of the Honors IT group, who are lead by Bob Peppin (God) and are not douchebags like those pricks in Carlson School of Management.

"My computer broke, so I got one of the IT guys to fix it"
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"At least people drink in Honors IT"
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"Honors IT; less asians than regular IT"

An innovative new mode of transportation, invented by Mr. Garrison on the show South Park. To drive "it", a penile-shaped shaft is inserted into the anus, while another is inserted into the mouth. There are also a set of two more shafts in the front that the driver slides up and down. "It" was developed to contend with with the airline's crappy service. It's extremely fast as well, so whenever one zooms down the street, people always say "What the hell was that?" "I dunno but I want one."